Plan Snapshot
- Plan Sponsor: Northland Electrical Services, LLC
- Sponsor EIN: 320045110
- Sponsor Address: 1705 ORVILLE DRIVE, NEW LONDON, WI, 54961
- Plan Type: 401(k)
- Plan Number: 001
- Total Participants: 178
- Total Assets: $13.4M
Key Plan Design Features
- Auto-Enrollment: Yes
- Auto-Escalation: No
- Allows Roth Contributions: No
- Participant Loans: No
- Participant-Directed Investments: Yes
- ERISA Section 404(c) Fiduciary Safe Harbor: Yes
Plan Financials by Year
| Year | Participants | Total Assets | Employer Contrib. | Employee Contrib. |
|---|---|---|---|---|
| 2025 | 178 | $13.4M | $0 | $0 |
| 2024 | 148 | $10.5M | $431,282 | $817,259 |
| 2023 | 141 | $8.6M | $385,735 | $697,704 |
| 2022 | 123 | $6.0M | $328,970 | $593,783 |
Service Providers (Schedule C)
Vendors paid $5,000 or more for services to the plan, ranked by total compensation (direct + indirect fees).
| Provider Name | Role | Direct Compensation | Indirect Compensation | Total Fees |
|---|---|---|---|---|
| ALERUS FINANCIAL, N.A. | Other Service Provider | $65,563 | — | $65,563 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $65,563
- Estimated Expense Ratio: 0.488% of plan assets
Historical Administrative Expenses
Breakdown of administrative expense categories reported on Form 5500 filings.
| Year | Total Admin Expenses | Investment Mgmt Fees | Contract Admin Fees | IQPA Audit Fees | Professional Fees |
|---|---|---|---|---|---|
| 2025 | $499,215 | — | — | — | — |
| 2024 | $52,655 | — | — | — | — |
| 2023 | $46,928 | — | — | — | — |
| 2022 | $31,643 | — | — | — | — |